Americans need to understand the Middle East
How much do we really know?

At The Media Line, we value all points of view and aim to mend our differences through fact-based narrative-inclusive journalism Help support our bold and brave team in Afghanistan, Gaza, Israel, Palestinian Territories, the UAE, and beyond.
Help us continue our work and provide access to the news that matters to you.

Thank you and best wishes to you and yours for this Jewish New Year.
 
Felice Friedson
Founder, President
Intel Investing Another $600 Million in Israel for R&D
Intel Haifa buidlings in an aerial photo talken in 2009. (Dany Sternfeld via Flickr)

Intel Investing Another $600 Million in Israel for R&D

Intel Corp. will invest an additional $600 million in Israel to expand research and development. The company also announced on Sunday that it is building a new chip plant in the country at a cost to Intel of $10 billion.

Intel CEO Pat Gelsinger made the announcements Sunday during a one-day visit to Israel, Reuters reported.

Some $400 million will be used to convert its Jerusalem Mobileye unit into a research and development campus working to develop technologies for self-driving cars. An additional $200 million will construct a research and development center in the northern Israeli city of Haifa. The company already has a development center in the port city.

Israel is providing Intel with a $1 billion grant toward the chip plant, according to the report. The company has purchased three Israeli companies in recent years: Mobileye in 2017; intelligence chip maker Habana Labs Ltd. in 2019, and navigation technology startup Moovit Inc. in 2020.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.